Modi, India and the emerging global economic order

ABSTRACT

India’s embrace of globalization began with the country’s economic liberalization in the early 1990s. This put the country on a trajectory of increasing its weight in the global economy while concomitantly increasing its say in the evolution of the global economic order. This trend has become more emphatic under Prime Minister Narendra Modi, which has been facilitated by the strengthened mandate of his government, his development and growth-focussed agenda and pro-active foreign policy. Two policies that reflect this approach are Modi’s ‘Make in India’ campaign and proclivity for engagement with India’s extended neighbourhood. The former entails attracting investment into India through a pragmatic and omni-directional foreign policy while the latter has translated into a focus on strengthening regional connectivity. Ultimately, India’s approach towards global governance is both distinct and complementary of other emerging powers and reflects the country’s development priorities and unique civilizational identity.

KEYWORDS:

• India
• Narendra Modi
• global governance
• global economic order
• regional connectivity
• China–India relations
• climate change
• Africa
• South–South cooperation

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No potential conflict of interest was reported by the author.

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Chietigj Bajpaee

Chietigj Bajpaee is a doctoral candidate in the Department of War Studies at King’s College London, UK. He has worked with several public policy think-tanks (including the Center for Strategic and International Studies (CSIS) in Washington, DC and the London-based International Institute for Strategic Studies (IISS)) and political risk consultancies (including Control Risks and IHS Global Insight). He has also been a visiting fellow at the New Delhi-based Institute for Defence Studies and Analyses (IDSA) and the Vivekananda International Foundation (VIF). He received his Masters’ degree in international relations at the London School of Economics and completed his undergraduate studies in economics and political science at Wesleyan University and the University of Oxford.